New Risk • 17h
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 9.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 70% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (9.0% average weekly change). Reported Earnings • Apr 27
Full year 2025 earnings released: CN¥0.72 loss per share (vs CN¥0.03 profit in FY 2024) Full year 2025 results: CN¥0.72 loss per share (down from CN¥0.03 profit in FY 2024). Revenue: CN¥470.1m (down 19% from FY 2024). Net loss: CN¥168.0m (down CN¥175.1m from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Annuncio • Apr 27
Shenzhen Lihexing Co.,Ltd., Annual General Meeting, May 18, 2026 Shenzhen Lihexing Co.,Ltd., Annual General Meeting, May 18, 2026, at 14:00 China Standard Time. Location: 21F, Office Building 1, No. 385, Mintang Road, Longhua District, Shenzhen, Guangdong China Annuncio • Mar 31
Shenzhen Lihexing Co.,Ltd. to Report Q1, 2026 Results on Apr 27, 2026 Shenzhen Lihexing Co.,Ltd. announced that they will report Q1, 2026 results on Apr 27, 2026 Annuncio • Dec 31
Shenzhen Lihexing Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 27, 2026 Shenzhen Lihexing Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 27, 2026 Reported Earnings • Oct 24
Third quarter 2025 earnings released: CN¥0.12 loss per share (vs CN¥0.007 profit in 3Q 2024) Third quarter 2025 results: CN¥0.12 loss per share (down from CN¥0.007 profit in 3Q 2024). Revenue: CN¥140.8m (up 57% from 3Q 2024). Net loss: CN¥27.9m (down CN¥29.8m from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 50% per year, which means it is well ahead of earnings. Annuncio • Sep 30
Shenzhen Lihexing Co.,Ltd. to Report Q3, 2025 Results on Oct 24, 2025 Shenzhen Lihexing Co.,Ltd. announced that they will report Q3, 2025 results on Oct 24, 2025 New Risk • Sep 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 68% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.1% average weekly change). New Risk • Aug 11
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 68% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.9% average weekly change). Reported Earnings • Aug 09
Second quarter 2025 earnings released: CN¥0.14 loss per share (vs CN¥0.027 profit in 2Q 2024) Second quarter 2025 results: CN¥0.14 loss per share (down from CN¥0.027 profit in 2Q 2024). Revenue: CN¥122.3m (up 7.1% from 2Q 2024). Net loss: CN¥33.1m (down CN¥38.9m from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Annuncio • Jul 02
Shenzhen Lihexing Co.,Ltd. to Report First Half, 2025 Results on Jul 25, 2025 Shenzhen Lihexing Co.,Ltd. announced that they will report first half, 2025 results on Jul 25, 2025 New Risk • May 07
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 0.06% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (0.06% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 69% per year over the past 5 years. Reported Earnings • Apr 25
First quarter 2025 earnings released: CN¥0.021 loss per share (vs CN¥0.033 profit in 1Q 2024) First quarter 2025 results: CN¥0.021 loss per share (down from CN¥0.033 profit in 1Q 2024). Revenue: CN¥64.4m (down 59% from 1Q 2024). Net loss: CN¥4.87m (down 164% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Annuncio • Apr 25
Shenzhen Lihexing Co.,Ltd., Annual General Meeting, May 16, 2025 Shenzhen Lihexing Co.,Ltd., Annual General Meeting, May 16, 2025, at 14:00 China Standard Time. Location: 21F, Office Building 1, No. 385, Mintang Road, Longhua District, Shenzhen, Guangdong China Annuncio • Mar 31
Shenzhen Lihexing Co.,Ltd. to Report Q1, 2025 Results on Apr 25, 2025 Shenzhen Lihexing Co.,Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 New Risk • Feb 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Earnings have declined by 74% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.7% average weekly change). New Risk • Feb 21
New major risk - Revenue and earnings growth Earnings have declined by 74% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Earnings have declined by 74% per year over the past 5 years. Annuncio • Dec 31
Shenzhen Lihexing Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 25, 2025 Shenzhen Lihexing Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 25, 2025 New Risk • Oct 31
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 19% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). Reported Earnings • Oct 28
Third quarter 2024 earnings released: EPS: CN¥0.007 (vs CN¥0.042 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.007 (down from CN¥0.042 in 3Q 2023). Revenue: CN¥89.6m (down 27% from 3Q 2023). Net income: CN¥1.88m (down 84% from 3Q 2023). Profit margin: 2.1% (down from 9.3% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 39% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. Annuncio • Sep 30
Shenzhen Lihexing Co.,Ltd. to Report Q3, 2024 Results on Oct 28, 2024 Shenzhen Lihexing Co.,Ltd. announced that they will report Q3, 2024 results on Oct 28, 2024 Reported Earnings • Aug 23
Second quarter 2024 earnings released: EPS: CN¥0.027 (vs CN¥0.064 loss in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.027 (up from CN¥0.064 loss in 2Q 2023). Revenue: CN¥114.2m (up 34% from 2Q 2023). Net income: CN¥5.86m (up CN¥18.4m from 2Q 2023). Profit margin: 5.1% (up from net loss in 2Q 2023). Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. Annuncio • Jun 29
Shenzhen Lihexing Co.,Ltd. to Report First Half, 2024 Results on Aug 23, 2024 Shenzhen Lihexing Co.,Ltd. announced that they will report first half, 2024 results on Aug 23, 2024 Annuncio • Apr 24
Shenzhen Lihexing Co.,Ltd., Annual General Meeting, May 16, 2024 Shenzhen Lihexing Co.,Ltd., Annual General Meeting, May 16, 2024, at 14:00 China Standard Time. Location: 21F, Office Building 1, No. 385, Mintang Road, Longhua District, Shenzhen, Guangdong China Reported Earnings • Apr 24
First quarter 2024 earnings released First quarter 2024 results: Net income: (down CN¥3.97m from profit in 1Q 2023). New Risk • Apr 24
New major risk - Revenue and earnings growth Earnings have declined by 64% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 64% per year over the past 5 years. Annuncio • Mar 30
Shenzhen Lihexing Co.,Ltd. to Report Q1, 2024 Results on Apr 24, 2024 Shenzhen Lihexing Co.,Ltd. announced that they will report Q1, 2024 results on Apr 24, 2024 Board Change • Jan 24
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 2 experienced directors. 4 highly experienced directors. Chairman of the Board of Supervisors Weifeng Hou is the most experienced director on the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Annuncio • Dec 29
Shenzhen Lihexing Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 24, 2024 Shenzhen Lihexing Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 24, 2024 Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.042 (vs CN¥0.003 loss in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.042 (up from CN¥0.003 loss in 3Q 2022). Revenue: CN¥123.2m (up 36% from 3Q 2022). Net income: CN¥11.5m (up CN¥12.1m from 3Q 2022). Profit margin: 9.3% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Annuncio • Oct 18
Shenzhen Lihexing Co.,Ltd. Approves Management Appointments Shenzhen Lihexing Co.,Ltd. announced at the EGM held on October 13, 2023, approved election of Li Lihong as non-independent director; Zheng Xiaoxi, Zhang Zhijie, Liu Xiangyun as independent directors and Lai Chuankun and Wang Liujie as non-employee supervisors. Reported Earnings • Aug 22
Second quarter 2023 earnings released: CN¥0.064 loss per share (vs CN¥0.04 loss in 2Q 2022) Second quarter 2023 results: CN¥0.064 loss per share (further deteriorated from CN¥0.04 loss in 2Q 2022). Revenue: CN¥85.4m (up 19% from 2Q 2022). Net loss: CN¥12.6m (loss widened 49% from 2Q 2022). Annuncio • Jul 01
Shenzhen Lihexing Co.,Ltd. to Report First Half, 2023 Results on Aug 22, 2023 Shenzhen Lihexing Co.,Ltd. announced that they will report first half, 2023 results on Aug 22, 2023 Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: CN¥0.017 (vs CN¥0.04 loss in 1Q 2022) First quarter 2023 results: EPS: CN¥0.017 (up from CN¥0.04 loss in 1Q 2022). Revenue: CN¥83.2m (up 89% from 1Q 2022). Net income: CN¥3.97m (up CN¥13.9m from 1Q 2022). Profit margin: 4.8% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 4 highly experienced directors. 2 independent directors (4 non-independent directors). Independent Director Lin Wang was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 28
Third quarter 2022 earnings released: CN¥0.003 loss per share (vs CN¥0.045 loss in 3Q 2021) Third quarter 2022 results: CN¥0.003 loss per share (improved from CN¥0.045 loss in 3Q 2021). Revenue: CN¥90.8m (up 35% from 3Q 2021). Net loss: CN¥629.4k (loss narrowed 94% from 3Q 2021). Reported Earnings • Aug 26
Second quarter 2022 earnings released: CN¥0.04 loss per share (vs CN¥0.14 profit in 2Q 2021) Second quarter 2022 results: CN¥0.04 loss per share (down from CN¥0.14 profit in 2Q 2021). Revenue: CN¥72.0m (down 49% from 2Q 2021). Net loss: CN¥8.43m (down 129% from profit in 2Q 2021). Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥11.05, the stock trades at a trailing P/E ratio of 61.3x. Average trailing P/E is 36x in the Electronic industry in China. Total loss to shareholders of 47% over the past year. Annuncio • May 19
Shenzhen Lihexing Co., Ltd. Approves Cash Dividend for 2021 Shenzhen Lihexing Co., Ltd. held its Annual General Meeting of 2021 on May 17, 2022, approved Cash dividend (tax included) of CNY 1.00000000 per 10 shares. Valuation Update With 7 Day Price Move • May 19
Investor sentiment deteriorated over the past week After last week's 27% share price decline to CN¥20.90, the stock trades at a trailing P/E ratio of 77.3x. Average trailing P/E is 31x in the Electronic industry in China. Valuation Update With 7 Day Price Move • May 02
Investor sentiment improved over the past week After last week's 45% share price gain to CN¥20.09, the stock trades at a trailing P/E ratio of 74.3x. Average trailing P/E is 29x in the Electronic industry in China. Annuncio • Apr 27
Shenzhen Lihexing Co., Ltd. Proposes Final Dividend for the Year 2021 Shenzhen Lihexing Co., Ltd. proposed a final dividend (tax included) of CNY 1 per ten shares for the year 2021. Reported Earnings • Apr 27
First quarter 2022 earnings released: CN¥0.06 loss per share (vs CN¥0.04 loss in 1Q 2021) First quarter 2022 results: CN¥0.06 loss per share (down from CN¥0.04 loss in 1Q 2021). Revenue: CN¥44.0m (up 6.6% from 1Q 2021). Net loss: CN¥9.90m (loss widened 143% from 1Q 2021). Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment improved over the past week After last week's 28% share price gain to CN¥29.62, the stock trades at a trailing P/E ratio of 72.4x. Average trailing P/E is 36x in the Electronic industry in China. Reported Earnings • Aug 24
Second quarter 2021 earnings released: EPS CN¥0.21 (vs CN¥0.18 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥142.3m (up 70% from 2Q 2020). Net income: CN¥29.0m (up 36% from 2Q 2020). Profit margin: 20% (down from 26% in 2Q 2020). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥24.79, the stock trades at a trailing P/E ratio of 46.7x. Average trailing P/E is 37x in the Electronic industry in China.